ok enough arguing semantics about what is or is not the nobel prize. back to the more important issue at hand. first, i agree with SS7's definition of "exploitation" for the most part. now, one might argue that in a first world situation, labourers have the ability to form unions, have social-support, education, etc - and so if they end up being exploited by their employers, its their own fault. however, what percentage of MNCs function only on labour from the 1st world? i would venture to say not a large percentage at all. any profit-seeking company would obviously employ people in 3rd world countries - because of a lower labour standard, lower wages, less chance of unionisation, less environmental regulation, etc. this is what i mean by exploitation. any fortune ammased by playing off the lower standards of human and labour rights in the 3rd world is, in my mind, an illegitimate fortune. also, i might mention, there is a very close history between corporate interest and government and IMF/World Bank/WTO intervention in 3rd world countries. this is a different topic, that deserves its own thread, but just to mention in passing - it is very difficult (and often illegal) for 3rd world countries to claim a right to their own resources - to deny access to MNCs - and due to the wonders of "markets", it becomes a bidding-to-the-bottom process for 3rd world countries ("oh they're going to ask for a minimum wage? well come here! we won't!")
Quote: I'm not following you. How does the fact that some trustfunder is able to buy a Ferrarri and a penthouse and take baths three times a day in a golden tub filled with Dom Perignon prevent you from succeeding at your chosen career? What opportunity has he stolen from you? What has he prevented you from doing? Is he not -- quite literally -- irrelevant to you?
most certainly not! if every trustfunder just squandered his inheritence, it would be one thing (a sad waste, but not nearly as bad as things are). but anybody with any economic sense wouldn't just buy ferarris and dom perignon - they would use that capital to purchase more means of production, to increase profit, and thus generate more capital. money bequeaths money - that is one fundamental truth of a market-based capitalist economy. so what opportunity has he stolen from me? take, for example, monopolization of entire sectors. eg - the energy sector - oil companies have so much sway, both in terms of capital and in terms of political clout, that the sector becomes stagnant. everybody knows that oil is unsustainable - but why isn't there more of a motion towards reneweable energy? why isn't it seriously on the agenda? one reason, in my opinion, is because of the immense social, economic, and political power that accompanies capital.
Quote: Who is stopping them from gathering together and creating their own? Didn't you say there are already many businesses running under parecon principals? Why don't those workers apply for work at one of those places? How does the existence of MacDonald's prevent a parecon "ParDonald's" from going into business?
Again, the clout that capital holds - and the sway it can hold over the markets. I don't think that anybody would argue that McDonalds provides a better product - either by taste, by nutrition, by environmental externalities, by treatment of workers, etc. But due to holding such a large sway over the market, they are able to 1) formulate consumer opinion by absurd amounts of marketing, 2) lobby government (both at home and abroad) to ignore (for example) environmental externalities in order to provide a cheaper product, and 3) buy out and stifle competition. Microsoft is a perfect example of this - anybody working in IT will agree (and if they don't, well I'll take back my statement, but I will say that I don't understand their point of view at all) - M$ is not only not the best product available, but is actually one of the worst! But, due to marketing, buying out the competition, purchasing all innovation, and monopolizing control over markets - they are able to generate HUGE sums of capital, that they then use in turn to generate HUGE sums of capital. Of course, there is the existentialist argument that if people want a more equitable workplace, they should create it. And I definitely agree. However, it's not that easy... a good analogy is the game of Monopoly. Imagine you and I are playing a game of monopoly. Fair enough, yeah? Determined by the roll of the dice - our relative luck/skill in investing - etc. However, what if one of us starts the game owning 75% of the properties already, and with hotels on half of them. Would you say that this is "fair" - that both players have an equal opportunity to suceed?
Quote: Define "wage-slaves". You surely aren't suggesting that those who agree to exchange their labor for money are enslaved, are you?
That is exactly what I am suggesting. Sure, it can't be compared to physical, "actual" slavery in terms of barbarity - but the result is the same. A ruling class, and a ruled class. Whether we reward the slaves with food, water, and a bed (as in the case of "actual" slavery), or we reward them with (in comparison to that of the capital-holders) meager pay, as few benefits as possible, and minimal control over their own work-environment - it is philosophically the same, in my book.
More to come later - gotta check my emails, make some tea, etc...
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